🚨 Urgent BTC Update 🚨
The Bitcoin price is currently hovering near the upper boundary of the descending channel, right at the resistance zone. It's crucial to observe the sellers' reactions from these key levels, especially as we approach the expiration of options worth $5.8 billion today at 11:00 Moscow time.
🔍 Here are the two main scenarios to watch for:
1️⃣ Breakout Scenario: If we can break above the 66-67K range and establish a solid consolidation above this level, it could signal the start of a new growth phase in the market, perfectly timed for the beginning of Q4! 🌟
2️⃣ Rebound Scenario: Alternatively, we might see a rebound leading to another lackluster September close, potentially pushing prices below 60K. 📉
⏳ Key Takeaway: Let’s wait for confirmation of either scenario to inform our short-term and medium-term trading positions. Stay vigilant, and make sure to manage your risk effectively! 💼
Keep an eye on these developments as they unfold! 📈
